Analysts Set Coty (NYSE:COTY) PT at $6.06

Coty (NYSE:COTY) has received an average rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.0632.

COTY has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their price objective on shares of Coty from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Citigroup reiterated a “neutral” rating and issued a $4.25 price objective (down previously from $6.50) on shares of Coty in a research report on Thursday, August 21st. Barclays decreased their price objective on shares of Coty from $4.50 to $3.50 and set an “underweight” rating for the company in a research report on Friday, August 22nd. Jefferies Financial Group downgraded shares of Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $6.00 to $4.00 in a research report on Thursday, August 21st. Finally, Cowen reiterated a “hold” rating on shares of Coty in a research report on Friday, August 22nd.

Insider Activity at Coty

In related news, CEO Sue Nabi purchased 260,000 shares of Coty stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $3.92 per share, for a total transaction of $1,019,200.00. Following the transaction, the chief executive officer directly owned 32,127,286 shares in the company, valued at approximately $125,938,961.12. This trade represents a 0.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Laurent Mercier purchased 12,500 shares of Coty stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average price of $3.96 per share, with a total value of $49,500.00. Following the transaction, the chief financial officer owned 402,216 shares in the company, valued at approximately $1,592,775.36. The trade was a 3.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 334,900 shares of company stock worth $1,321,840 in the last quarter. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after acquiring an additional 3,214 shares in the last quarter. UMB Bank n.a. grew its stake in Coty by 137.1% during the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock valued at $32,000 after acquiring an additional 3,962 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Coty by 1,006.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after acquiring an additional 6,644 shares in the last quarter. Shay Capital LLC purchased a new stake in Coty during the 2nd quarter valued at about $46,000. Finally, FORA Capital LLC purchased a new stake in Coty during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Down 1.8%

NYSE COTY opened at $4.04 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of -9.17, a P/E/G ratio of 0.27 and a beta of 2.07. The company has a fifty day moving average of $4.57 and a 200 day moving average of $4.89. Coty has a 1 year low of $3.67 and a 1 year high of $9.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Research analysts forecast that Coty will post 0.39 earnings per share for the current year.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.